Latest Stock Market News

Indian government bond yields remained mostly steady with the benchmark 10-year yield at 6.6932%. Investors focus is on the state debt auction, with states looking to raise 521.20 billion rupees, and the Reserve Bank of India s bond purchase worth 500 billion rupees.

Religare Enterprises shares: In a stock exchange filing, the company stated that the review will cover Religare Enterprises Ltd (REL) and its subsidiaries—Religare Finvest and Religare Housing Development Finance Corporation.

Foreign funds are expected to return to India as it remains the fastest-growing economy despite current better risk-reward opportunities elsewhere. The US consumer shows caution amidst inflation concerns and potential tariff impacts. The Fed might implement one rate cut this year, with more expected next year as the economy slows.

The Indian market is expected to consolidate on Tuesday, tracking muted global cues. Nifty Futures closed 0.65% higher at 22,589, while India VIX rose 1% to 13.42. Options data suggests a 22,000–23,000 range. Experts recommend Bajaj Finance, NTPC, Voltas, Axis Bank, Bajaj Finserv, and Jubilant FoodWorks for short-term trading.

Vedanta shares will be in focus on Tuesday, March 18, after Chairman Anil Agarwal outlined the company’s growth outlook and demerger plans. He highlighted Vedanta’s 1.4% contribution to India’s GDP and the rising demand for aluminum, copper, and zinc, positioning the company for long-term growth and value creation.

HDFC Securities recommends buying Ashoka Buildcon with a target price of Rs 206, while the current market price is Rs 173.45. The firm expects growth over FY24-27 and highlights positive factors such as stable order book and asset monetization. Promoters hold a 54.48% stake, and the stock aims for substantial gains in the coming months.

NBCC (India) shares rose on Tuesday after the company secured a Rs 44.62 crore PMC contract for infrastructure development at MGIRI, Wardha. Announced on Monday, the contract includes overseeing the construction of a hostel and VIP guest house under the EPC mode, aligning with NBCC’s expansion in the project management segment.

Over half of NSE s stocks with Rs 1,000 crore or more market capitalization have seen their share prices decline in FY25, with smallcaps being the hardest hit. Factors such as global economic fears, local market sentiment, and company-specific issues contributed to the declines.